Avalanche Eyes Top 10 Crypto Spot Amid Price Surge

1 min read
Source: AMBCrypto News
Avalanche Eyes Top 10 Crypto Spot Amid Price Surge
Photo: AMBCrypto News
TL;DR Summary

Avalanche (AVAX) has shown signs of a potential breakout from a month-long price decline, with a bullish falling wedge pattern suggesting a possible 200% surge. The token's price recently increased by over 1%, and long-term holder confidence is rising. Technical indicators like MACD and RSI support the likelihood of a bull rally, which could push AVAX into the top 10 cryptocurrencies by market cap. However, bearish sentiment and other indicators like Chaikin Money Flow suggest caution.

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